Mali: Sixth Review Under the Poverty Reduction and Growth Facility
IMF Staff Country Reports, August 7, 2003
Source details
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- Mali: Sixth Review Under the Poverty Reduction and Growth Facility
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Bibliographic details
- Published: August 7, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451826388.002
Summary
- This report summarizes the sixth review of the economic program of Mali under the Poverty Reduction and Growth Facility (PRGF) and assesses the progress made in adjusting the economy.
- The Malian authorities continued to make good progress in implementing the IMF program, under difficult conditions.
- Executive Directors stressed the need for prudent macroeconomic policies and structural reforms.
- Executive Directors emphasized the need to enhance private sector competitiveness, liberalize the cotton sector, and promote good governance.
Key findings and assessments
- Progress in implementing the PRGF-supported program was judged to be good despite difficult conditions.
- Policy priorities highlighted by Executive Directors:
- Prudent macroeconomic policies.
- Structural reforms to support adjustment.
- Enhancing private sector competitiveness.
- Liberalizing the cotton sector.
- Promoting good governance.
Policy recommendations and program priorities
- Maintain prudent macroeconomic policies consistent with the PRGF arrangement.
- Advance structural reforms to bolster economic adjustment and growth.
- Enhance private sector competitiveness through policy measures and reforms.
- Liberalize the cotton sector to improve efficiency and market functioning.
- Strengthen governance frameworks to support program objectives and poverty reduction.
Subject areas and keywords
- Subject: Agricultural commodities, Budget planning and preparation, Commodities, Expenditure, Poverty, Poverty reduction, Poverty reduction strategy, Public financial management (PFM)
- Keywords: Agricultural commodities, Budget planning and preparation, CR, equivalent, ISCR, liabilities vis-à-vis, Poverty reduction, Poverty reduction strategy, poverty-reducing objective, PRGF arrangement, PRGF loan, PRGF-supported program, SDR, West Africa